Reference no: EM133048990
Your current place of employment has tasked you to investigate how Monte Carlo Simulation could be implemented and to prepare a presentation with examples. (If you would like, you might also consider another company, but preferably you should choose your current company).
Develop a presentation addressing the following:
1. Describe the company environment
2. Explain how Monte Carlo simulation might be utilized at the organization
3. Provide 2 solid examples
4. Pick 1 of your examples and go into more detail. Some things to consider might be:
5. Explain what would go into the model
6. How would you set it up in Excel? What Excel functions might be needed
7. What information is needed? For example, what distributional shapes would characterize certain variables?
8. Basically, you should try to explain how you do the analysis without actually having to do it.
9. Let's say the analysis was actually performed. How can management use these results? How would it benefit the company?
Answer them separately =
1. Usefulness of simulation and risk analysis in the organization
2. What do you mean by simulation and risk analysis.